Finergic Solutions, situated in Singapore, will be acquired by HCLTech for roughly $14.8 million

HCLTech to Acquire Singapore-Based Finergic Solutions for $14.8 Million

HCLTech, India’s third-largest IT services company, has signed an agreement to acquire Singapore-based boutique wealth consulting firm Finergic Solutions Pte Ltd for 19 million Singapore dollars (approximately $14.8 million) in an all-cash transaction, the company said on Friday.

Founded in 2019, Finergic specialises in core banking and wealth management transformation. HCLTech said the acquisition will strengthen its service offerings across the financial services and wealth management sectors. The transaction is expected to be completed by April 30 and will be executed through HCL Singapore Pte Ltd, a wholly owned subsidiary of HCLTech.

This marks HCLTech’s first acquisition in 2026, following four acquisitions in 2025, three of which were completed in December.

HCLTech plans to integrate Finergic’s specialised capabilities in transformation strategy, consulting and wealth architecture with its existing global experience in supporting Temenos platforms for more than 40 banks worldwide. Temenos is a Switzerland-based provider of digital banking and financial technology solutions.

“This transformative transaction enables us to deliver advanced capabilities, foster innovation and unlock substantial synergies—empowering our clients to achieve stronger business outcomes across the financial services landscape,” said Srinivasan Seshadri, Chief Growth Officer and Global Head of Financial Services at HCLTech.

The Noida-headquartered company has consistently followed a strategy of small, targeted acquisitions to deepen its presence in specific geographies and verticals such as telecom and financial services, HCLTech CEO C Vijayakumar had earlier told The Economic Times in a post-earnings interaction.

Finergic has operations in Singapore, Luxembourg, Switzerland and India. For the year ended December 31, 2024, the company reported revenue of 12.6 million Singapore dollars, of which 5.1 million Singapore dollars came from HCLTech, according to exchange filings. Financial results for the year ended December 31, 2025 were not available at the time of disclosure.

“Our end-to-end solution capabilities, backed by a highly experienced and skilled team, position us uniquely within the industry,” Finergic co-founders Ganesh Swaminathan, Saravanan Kandaswamy and Senthil Kumar Sekar said in a joint statement.